The Government of India, on the other hand, is focusing on improving domestic manufacturing in India. In the same Journey last year, the Government of India announced the Production Linked Incentive Scheme. Companies enrolled in the PLI scheme are benefited with the incentives provided by the Government.
For example, Last Wednesday, the Government of India approved Rs. 12,195 crore for telecom and networking products under the PLI scheme which means these funds will be given to those telecom companies that fulfil the PLI scheme criteria in India.
Samsung to enroll in PLI Scheme
Samsung who so far fulfill Jio’s need of 4G equipment is now looking to satisfy Jio’s hunger for 5G equipment.
The South Korean electronics company is reportedly said to be applying for the PLI Scheme and is currently waiting for the PLI guidelines and information about how many global and local companies are getting selected under this scheme.
Global Companies applied or applying for the PLI Scheme
Beside Samsung many popular global companies such as Cisco, Foxconn, Flex, and Jabil have already enrolled themselves in the PLI scheme while other global companies like Nokia and Ericsson are looking forward to applying.
Equipments covered under PLI scheme for Telecom
As I said above, last wednesday Government allocated more than Rs 12000 crore for telecom equipment under PLI Scheme, below are the equipments that are covered under the same.
- 4G/5G RAN (Radio Access Network)
- CPE (Customer Premises Equipment)
- IOT Devices
- Switches and Routers
While reports suggest that Samsung is all set to fulfill Jio’s need of 4G and 5G equipment, Jio, on the other hand, has opened it’s hand for all the 5G equipment manufacturing companies that have tier-1 facilities located in India.